New Delhi: Following approval of the Productivity Linked Bonus (PLB) for the year 2019-2020 by the Union Cabinet, the Ministry of Railways mentioned that the decision is going to benefit as many as 11.58 lakh non-gazetted railway employees.
"During the festive season, Union Cabinet has approved Productivity Linked Bonus of 78 days wages to eligible non gazetted Railway employees. 11.58 lakhs employees will benefit because of the move. This would motivate Railway employees for improving performance," the Railways said in a statement.
It is to be noted that the Cabinet approved Productivity Linked Bonus and non-Productivity Linked Bonus for 2019-2020 on Wednesday.
As per reports, Productivity Linked Bonus for 2019-2020 will be paid to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, ESIC, etc. and the financial implication would be Rs 2,791 crore.
Similarly, non-PLB or ad-hoc bonus is given to non-gazetted Central Government employees. Around 13.70 lakh employees would be benefited and Rs 946 crore is the financial implication for the same.
A total of 30.67 lakh employees would be benefited by the bonus announcement and total financial implication will be Rs 3737 crore.
Payment of Bonus to non-gazetted employees for their performance in the preceding year is usually made before Durga Puja/Dussehra season. The Government is announcing the Productivity Linked Bonus (PLB) and ad hoc bonus for its non-gazetted employees is to be disbursed immediately, a government release said.